THE COLONIAL BANK.

Otago Witness, Issue 2239, 28 January 1897, Page 2

THE COLONIAL BANK.

MR WATSON IN EXPLANATION. Wellington, January 20. With regard to fcbe passage in tbe liquidators' report respecting (ho surrender of Mrs Barron's guarantees on the authority of the president of the Bank of New Zealand, Mr Watson said he had heard from Mr Ward that an arrangement had been made whereby he sold certain shares and was to draw from the proceeds t her oof £24,000. The bill for this money, he was to pay into the Colonial Bank In redaction of his indebtedness to that bank, provided Mrs Barron's guawateea were to be released. One day aa

Mr Watson sat in his office attending to his business the manager of the Colonial Bank came to him laying he had received a bill ou the above condition, and asked him if he knew anything about it. Mr Watson said ho had heard about the arrangement, that was all. Me Watson says he is as much astouishod «s anybody can be at the liquidator! of the Colonial Bank making tho statement they hava done. The manager of the Colonial Bank at Welling, ton had to eieroiso his own judgment) about the matter as Mr Watson had no authority ore* him whatever at tho time.

A child in Brightwfttor. Nelson, h«rt Its shoulder diilonateu throujrli beitut lifted till' ftuddenly by on« •ra»»